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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Soco International Plc | LSE:SIA | London | Ordinary Share | GB00B572ZV91 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 61.80 | 61.90 | 62.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSIA
RNS Number : 1170H
Soco International PLC
12 August 2016
12 August 2016
SOCO International plc
('SOCO' or 'the Company')
DIRECTORS/PDMR SHAREHOLDING
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility
and their Closely Associated Persons
The Company announces an increase in Directors' shareholdings pursuant to the settlement of 815,380 share awards ("Awards") under the Company's Long Term Incentive Plan.
On 10 August 2016, Ed Story, Roger Cagle and Cynthia Cagle - the Chief Executive Officer, Deputy Chief Executive Officer and Company Secretary, respectively, and all Executive Directors of the Company and participants in the Company's Long Term Incentive Plan ("LTIP Participants") - became interested in a total of 525,970 SOCO International plc ordinary shares of GBP0.05 each ("Shares").
The Board had determined that, in this instance, it serves the best interest of the Company and its shareholders, and with the agreement of the LTIP Participants, to deliver only the net number of Shares to the LTIP Participants after deducting the number of Shares that otherwise would be sold in the market to settle the tax liabilities associated with the settlement of these Awards. Therefore, no Shares will be sold and the associated tax liabilities will be settled by the Company.
Further details of the number of Shares referenced in the above is shown in the following table:
Hot Features
Premium
Shares Shares
to be to be
Date of deducted delivered
original Date of Awards for associated to LTIP
LTIP Participant award vesting vested tax Participant
------------------ ----------- ---------- -------- ---------------- -------------
5 Dec 8 Jan
E Story 2012 2016 360,557 98,612 261,945
------------------ ----------- ---------- -------- ---------------- -------------
5 Dec 8 Jan
R Cagle 2012 2016 270,417 113,440 156,977
------------------ ----------- ---------- -------- ---------------- -------------
5 Dec 8 Jan
C Cagle 2012 2016 184,406 77,358 107,048
------------------ ----------- ---------- -------- ---------------- -------------
Totals 815,380 289,410 525,970
------------------------------------------- -------- ---------------- -------------
Following these transactions, interests held are as follows:
Ed Story is interested in 13,685,909 Shares, representing 4.12% of the issued share capital of the Company, of which 12,010,909 (3.62%) Shares are held personally by Ed Story and 1,675,000 (0.50%) Shares are held through The Story Family Trust, a closely associated person to Ed Story.
Individually, Roger Cagle is interested in 5,415,243 Shares, representing 1.63% of the issued share capital of the Company, of which 494,658 (0.15%) Shares are held personally by Roger Cagle and 4,920,585 (1.48%) Shares are held through C Minor Limited, a closely associated person to Roger Cagle.
Individually, Cynthia Cagle is interested in 3,135,226 Shares, representing 0.94% of the issued share capital of the Company, of which 331,187 (0.10%) Shares are held personally by Cynthia Cagle and 2,804,039 (0.84%) Shares are held through C Major Limited, a closely associated person to Cynthia Cagle.
Roger Cagle and Cynthia Cagle are closely associated persons to each other and are jointly interested in their combined holdings of 8,550,469 Shares, representing 2.58% of the issued share capital of the Company and Share options. Additionally, as they both act as Directors of the Roger and Cynthia Cagle Family Foundation Limited ("the Charity"), it is considered to be a closely associated person of both Roger Cagle and Cynthia Cagle and they are deemed to have a non-beneficial interest in 1,148,129 (0.35%) Shares held by the Charity.
The Company was notified on 10 August 2016 by the Trustees of the SOCO Employee Benefit Trust (the "EBT") that following the above transactions, its shareholding in the Company had decreased by 525,970 Shares. The EBT is now interested in 2,247,125 Shares representing 0.68% of the share capital of the Company. The Executive Directors, as potential beneficiaries, are technically deemed to have an interest in all ordinary shares held by the EBT.
Contact: Carol Fan, SOCO International plc, tel. 020 7747 2000
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Ed Story
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status CEO/Director
--- ------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name SOCO International plc
--- ------------------------- --------------------------------
b) LEI 549300DDKLXYLLO4N524
--- ------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -----------------------------------------------------------
a) Description of Ordinary Shares of GBP0.05
the financial Each
instrument, type
of instrument
GB00B572ZV91
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Acquisition of shares following
transaction settlement of share awards
under the Company's Long
Term Incentive Plan.
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
0 261,945
--------- ----------
--- ------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 261,945
- Price Nil
--- ------------------------- --------------------------------
e) Date of the transaction 10/08/2016
--- ------------------------- --------------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Roger Cagle
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Deputy CEO/Director
--- ------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name SOCO International plc
--- ------------------------- --------------------------------
b) LEI 549300DDKLXYLLO4N524
--- ------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -----------------------------------------------------------
a) Description of Ordinary Shares of GBP0.05
the financial Each
instrument, type
of instrument
GB00B572ZV91
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Acquisition of shares following
transaction settlement of share awards
under the Company's Long
Term Incentive Plan.
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
0 156,977
--------- ----------
--- ------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 156,977
- Price Nil
--- ------------------------- --------------------------------
e) Date of the transaction 10/08/2016
--- ------------------------- --------------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Cynthia Cagle
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Company Secretary/Director
--- ------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name SOCO International plc
--- ------------------------- --------------------------------
b) LEI 549300DDKLXYLLO4N524
--- ------------------------- --------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -----------------------------------------------------------
a) Description of Ordinary Shares of GBP0.05
the financial Each
instrument, type
of instrument
GB00B572ZV91
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Acquisition of shares following
transaction settlement of share awards
under the Company's Long
Term Incentive Plan.
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
0 107,048
--------- ----------
--- ------------------------- --------------------------------
d) Aggregated information
- Aggregated volume 107,048
- Price Nil
--- ------------------------- --------------------------------
e) Date of the transaction 10/08/2016
--- ------------------------- --------------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFSRTEIFLIR
(END) Dow Jones Newswires
August 12, 2016 12:48 ET (16:48 GMT)
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